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Shopping Strip

Walgreens Aurora

512 Green Blvd, Aurora, IN 47001

Listing Price: $4,900,000

Cap Rate
7.99%
Gross SF
15,212
Rentable SF
15,212
Price/Gross SF
$322.11
Lot Size
3.07 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present an exceptional investment opportunity: Walgreens, located in Aurora, Indiana. This 15,212-square-foot building is strategically positioned on 3.07 acres of prime land in Dearborn County, just 39 minutes from the Cincinnati/Northern Kentucky International Airport. The property boasts an excellent location near the signalized intersection of Sunnyside Avenue and Green Boulevard (US-50 Highway), with significant daily traffic exposure of over 73,000 Cars Per Day.

This particular location enhances its offerings with a FedEx drop-off service, a full-service pharmacy with drive-thru, and one-hour photo services, providing additional customer value and aiding in consistent foot traffic. Also, it is important to note that in the western half of a 40-Mile radius there is no internal Walgreens competition and this particular site serves a community that needs this Walgreens. (see Placer.ai map).

The property benefits from a strong and growing demographic base, with nearly 65,000 residents within a 10-mile radius and an impressive average household income of $101,042. The area has experienced steady population and income growth over the past five years, further enhancing the site’s investment potential. Coupled with an –absolute net lease structure that eliminates landlord responsibilities, this property offers a truly passive income opportunity for investors seeking stability and long-term returns.

Investment Highlights

  • Six (6) Years Remaining on Original 25-Year Term with an Absolute Net Lease – Zero Landlord Responsibilities
  • Corporate Guarantee Lease with 10 x Five-Year Options for Maximum Term Through 2081
  • Opportunity for Positive Leverage - 8.00 Percent Cash on Cash Return Potential
  • Essential Use with Drive-Thru – Recession Resilient Tenant, FedEx Onsite
  • No Internal Competition Within the Western Half of a 40-Mile Radius of the Site – Ohio River Adjacent
  • Located Near Signalized Intersection of Sunnyside Avenue and Green Boulevard (US-50 Highway) With Over 73,000 Cars Per Day
  • Surrounded By Multiple Retailers-Family Dollar, Civista Bank, Shell, Fuel Mart, Marathon & Sunoco Gas Stations and Aurora Recreation Community Center
  • Strong Area Demographics-Population of 58,958 People Within a 10-Mile Radius with Average Household Income of $101,042 Annually

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Strip

Walgreens Aurora

Listing Price: $4,900,000

Cap Rate
7.99%
Gross SF
15,212
Rentable SF
15,212
Price/Gross SF
$322.11
Lot Size
3.07 acres
Year Built
2006

Investment Highlights

  • Six (6) Years Remaining on Original 25-Year Term with an Absolute Net Lease – Zero Landlord Responsibilities
  • Corporate Guarantee Lease with 10 x Five-Year Options for Maximum Term Through 2081
  • Opportunity for Positive Leverage - 8.00 Percent Cash on Cash Return Potential
  • Essential Use with Drive-Thru – Recession Resilient Tenant, FedEx Onsite
  • No Internal Competition Within the Western Half of a 40-Mile Radius of the Site – Ohio River Adjacent
  • Located Near Signalized Intersection of Sunnyside Avenue and Green Boulevard (US-50 Highway) With Over 73,000 Cars Per Day
  • Surrounded By Multiple Retailers-Family Dollar, Civista Bank, Shell, Fuel Mart, Marathon & Sunoco Gas Stations and Aurora Recreation Community Center
  • Strong Area Demographics-Population of 58,958 People Within a 10-Mile Radius with Average Household Income of $101,042 Annually

Investment Overview

Marcus & Millichap is pleased to present an exceptional investment opportunity: Walgreens, located in Aurora, Indiana. This 15,212-square-foot building is strategically positioned on 3.07 acres of prime land in Dearborn County, just 39 minutes from the Cincinnati/Northern Kentucky International Airport. The property boasts an excellent location near the signalized intersection of Sunnyside Avenue and Green Boulevard (US-50 Highway), with significant daily traffic exposure of over 73,000 Cars Per Day. This particular location enhances its offerings with a FedEx drop-off service, a full-service pharmacy with drive-thru, and one-hour photo services, providing additional customer value and aiding in consistent foot traffic. Also, it is important to note that in the western half of a 40-Mile radius there is no internal Walgreens competition and this particular site serves a community that needs this Walgreens. (see Placer.ai map). The property benefits from a strong and growing demographic base, with nearly 65,000 residents within a 10-mile radius and an impressive average household income of $101,042. The area has experienced steady population and income growth over the past five years, further enhancing the site’s investment potential. Coupled with an –absolute net lease structure that eliminates landlord responsibilities, this property offers a truly passive income opportunity for investors seeking stability and long-term returns.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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